How much funding have Payments startups in Africa raised?

Payments startups in Africa have raised $6.9B in disclosed funding.

Who invests in Payments startups in Africa?

Y Combinator has backed 15 Payments startups, followed by LoftyInc Capital Management (8) and Plug and Play (8).

Payments Startups in Africa

StartupList Africa tracks 176 Payments startups across Africa, which have raised $6.9B in disclosed funding. Nigeria has the most, with 62, followed by South Africa (34) and Kenya (21).

Updated 13 Oct 2026

Tracked Companies

176

Avg. Deal Size

$26.6M

Active Startups

176

Total Funding

$6.9B

Avg. Growth

-80%

Payments companies

175 companies in this sector

Submit startup

Company	Tagline	Last Round	Team Size
WayaMoney Ghana	Waya is a Ghanaian cross-border, cross-network remittance and payment solution for Africa	Non-equity Assistance	11-50
Allawee Nigeria	Allawee is a Nigerian App based credit card & expense management solutions for African businesses.		11-50
Boya Kenya	Boya provides an all in one spend platform for businesses	Seed	2-10
Whoosh South Africa	Whoosh is a Payment gateway service provider allowing merchants to process transactions	Non-equity Assistance	11-50
Orchestrate Nigeria	Orchestrate is the fastest way to add new payment methods to your product and expand into new markets.		11-50
Paymee Tunisia	Paymee is a Tunisian fintech firm that provides an online payment gateway	Seed	2-10
AkademikIT Uganda	Digitizing Schools		2-10
Plumter Nigeria	Plumter is helping to facilitate easy foreign payments and international banking for African businesses.	Seed	2-10
Mekka Group Dr Congo	Mekka is revolutionizing financial services across Africa by building the continent’s first dedicated neobank for enterprises.	Funding Round	11-50
Bailport Rwanda	BailPort is a Rwandan multi-currency e-wallet that helps users exchange, save and send money instantly at the best possible rates	Grant	2-10
ExiPay South Africa	ExiPay provides an agile and fast payments platform for acquirers and payment service providers that is tender and device agnostic.		11-50
Vendy Nigeria	Vendy makes commerce as simple as a chat for businesses and their customers.	Seed	11-50
LINK Nigeria	Web 3 Cross Border Payment Infrastructure for Africa		2-10
Flouci Tunisia	Flouci is a Tunis-based startup that uses distributed ledger technologies and data science to change the payments and credits landscape of the MEA region.		11-50
WuriePay Guinea	Trusted, accessible digital financial infrastructure for Guinea — built to scale across West Africa.		1-10
Beyonic Uganda	Beyonic is a Ugandan mobile payment FinTech.	Seed	11-50
Aku Nigeria	Banking made simple for everyone with Aku	Funding Round	11-50
Cowrie Integrated Systems Nigeria	Cowrie Integrated Systems is a Nigeria-based fintech that provides cross-border payments solutions	Funding Round	11-50
iKhokha South Africa	iKhokha is helping South African business owners believe in better by accelerating the digital economy	Venture	201-500
Abela South Africa	Abela is a QR enabled payments platform that allows anyone with a cellphone the ability to earn, spend and save their money.	Grant	2-10

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Payments startups by country

Top Payments investors in Africa

Payments startups: quick facts

How many Payments startups are there in Africa?: StartupList Africa tracks 176 Payments startups across Africa.
How much funding have Payments startups in Africa raised?: Payments startups in Africa have raised $6.9B in disclosed funding.
Which African countries have the most Payments startups?: Nigeria has the most, with 62, followed by South Africa (34) and Kenya (21).
Who invests in Payments startups in Africa?: Y Combinator has backed 15 Payments startups, followed by LoftyInc Capital Management (8) and Plug and Play (8).